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20120901
20120930
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Search Results 0 to 2 of about 3 (some duplicates have been removed)
and as i said the united states taxpayer had to step in and backstop those funds with a guarantee. we should never want to see that happen again. >> how do you avoid that at this point? people have money in money market accounts and they think it is money in the bank. when you say break the buck. explain what that means and what steps have you taken to ensure that won't happen again? >> sure. well, people do assume what you are saying is they put a dollar in a money market fund they will get a dollar back out but it is in fact a portfolio of investment securities and they fluctuate in value. so the $1 stable net asset value as we call it is a bit of a fiction. the money market fund may be worth more or less than that at any given moment as the portfolio securities fluctuate. >> mary, there have been so many events to ruin investor confidence. you can look at the flash crash of 2010, the software glitch in august. are toward safe? do you have the regulations and personnel to keep them safe? >> i think towainvestos tors are in our market. you think of the flash crash wesh immediately ca
Search Results 0 to 2 of about 3 (some duplicates have been removed)